EPUL launches unorthodox property risk solution
Leading commercial property MGA, European Property Underwriting Limited (EPUL) has launched Solutions, a package of covers specifically designed to address the challenges that brokers face in placing cover for unorthodox property owner risks.
EPUL’s Solutions is aimed at risks with irregular construction or unusual occupations. Enquires relating to industrial, retail, office, residential or unoccupied properties are all welcome.
Solutions combines’ core material damage, loss of rent and liability, whilst equipment breakdown, legal expenses and cyber covers are embedded at minimal additional cost. Optional covers are also available including Pool Re or Lloyd’s terrorism, employers’ and environmental liability and loss recovery insurance along with engineering inspection services.
Brokers can present risks and receive a quote via EPUL’s online portal or via email. The insurance can then be bound, and documents generated, at the click of a button.
Capacity is provided by a panel of A rated insurers covering risks located throughout the UK, Channel Islands and the Isle of Man.
Andrew Whittaker, Managing Director of EPUL, said: “Brokers with unusual property risks are finding it increasingly difficult to place these within their traditional markets. We have leveraged our property underwriting expertise to provide a placement solution for these more difficult risks, whilst the additional embedded covers will provide brokers with a client proposition that differentiates them from their competitors”.
Solutions complements EPUL’s existing product range which are aimed at the more traditional property investors market and will enable the company to service an even wider range of property owner risk.